Tag Archives: budget-deficit

An aerospace and defense trade group has asked Congress to devise a tax reform plan that would not contribute to budget deficit in an effort to prevent potential cuts to defense spending in the long term due to high shortfall, Defense News reported Saturday. Doc Syers, vice president for legislative …

The Senate voted 51-49 Thursday to approve its fiscal 2018 budget resolution that would authorize a tax reform plan, The Hill reported Thursday. The budget measure proposes to increase defense spending levels at current rates to reach $684 billion by 2027 and reduce nondefense spending in succeeding years that would result …

A new Congressional Budget Office report says the federal budget deficit in fiscal year 2017 ended Sept. 30 reached $668 billion, approximately $82 billion higher than the shortfall recorded in the previous fiscal year. CBO said Friday the FY 2017 budget shortfall was equivalent to 3.5 percent of the U.S. gross domestic …

A new Congressional Budget Office report says the federal budget deficit for the first half of fiscal 2017 reached $522 billion, approximately $63 billion higher than the agency’s shortfall estimates for the same period in FY 2016. CBO said in the report published Friday the total amount of receipts associated with corporate and individual …

Mick Mulvaney, director of the Office of Management and Budget, has said President Donald Trump plans to release a detailed version of his budget plan in May that will include a strategy to address U.S. deficits, Reuters reported Sunday. Valerie Volcovici writes Mulvaney told NBC’s “Meet the Press” in an interview the White House does not expect the …

Keith Hall, director of the Congressional Budget Office, has said CBO predicts the U.S. budget deficit to grow over the next 10 years if current laws remain unchanged. Hall said in a statement published Tuesday that increasing interest payments on government’s debt, rise in healthcare program and retirement spending and growth in …

A new Congressional Budget Office report says the federal budget deficit in fiscal year 2016 ended Sept. 30 reached $587 billion, about $148 billion higher than the shortfall recorded in the previous fiscal year. CBO said Monday the FY 2016 budget deficit was equivalent to 3.2 percent of the U.S. gross domestic product …

The Congressional Budget Office has estimated the federal government’s budget deficit at $588 billion for the 2016 fiscal year Sept. 30 in an increase of $149 billion over the figure calculated in FY 2015. CBO said Friday that the increase in 2016 deficit was the first since 2009 as total receipts and total outlays …

A Congressional Budget Office report says the federal budget deficit for the first 10 months of fiscal year 2016 reached $514 billion, about $49 billion higher than the agency’s shortfall estimates for the same period in FY 2015. CBO said in the report published Friday it predicts the total annual budget deficit …

The Congressional Budget Office has issued a report to discuss the effects of federal investment on the federal budget and economy. CBO said in the report published Thursday that federal spending on research and development programs and physical capital as well as on education and training initiatives that are expected to …